MGI - About the company
MGI is a series B company based in Shenzhen (China), founded in 2016 by Wang Jian, Liu Siqi, Yang Huanming and Yu Jun. It operates as a Provider of gene sequencing instruments, reagents, equipment, and related products. MGI has raised $1B in funding from investors like Guotai Junan Securities, CoStone Capital and IDG Capital. The company has 482 active competitors, including 56 funded and 63 that have exited. Its top competitors include companies like Siemens Healthineers, Illumina and Quanterix.
Company Details
Provider of gene sequencing instruments, reagents, equipment, and related products. The company has multi-omics platforms which include robotic ultrasound systems, sequencers, and automation systems for life science research, agriculture, precision medicine, and healthcare. It also has sequencing reagents, enzymes, an instrument for microbial detection, analyzers, and others.
- Website
- mgi-tech.com
- Social
- Email ID
- *****@mgi-tech.com
- Phone Number
- +86 **********
Key Metrics
Founded Year
2016
Location
Shenzhen, China
Stage
Series B
Total Funding
$1B in 2 rounds
Latest Funding Round
Investors
Ranked
7th among 482 active competitors
Employee Count
1,421 as on Sep 30, 2026
Investment & Acquisitions
Similar Companies
Sign up to download MGI's company profile
MGI's funding and investors
MGI has raised a total funding of $1B over 2 rounds. Its first funding round was on May 2019. Its latest funding round was a Series B round on May 28, 2020 for $*****. 11 investors participated in its latest round. MGI has 15 institutional investors.
Here is the list of recent funding rounds of MGI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 28, 2020 | 9109371 | Series B | 8087530 | 5003019 | 4928004 | 3986039 |
May 2019 | 3067808 | Series A | 4389261 | 3449488 | 8693569 | 2837674 |
Access funding benchmarks and valuations. Sign up today!View details of MGI's funding rounds and investors
MGI's founders and board of directors
Founder? Claim ProfileHere are the details of MGI's key team members:
- Wang Jian: Co-Founder of MGI.
- Liu Siqi: Co-Founder of MGI.
- Yang Huanming: Co-Founder of MGI.
- Yu Jun: Co-Founder of MGI.
View details of MGI's Founder profiles and Board Members
MGI's employee count trend
MGI has 1,421 employees as of Sep 26. Here is MGI's employee count trend over the years:
Uncover MGI's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
MGI's Competitors and alternates
Top competitors of MGI include Siemens Healthineers, Illumina and Quanterix. Here is the list of Top 10 competitors of MGI, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Siemens Healthineers 2017, Forchheim (Germany), Public | Provider of medical imaging laboratory diagnostics and clinical digital solutions | - | 75/100 | |
2nd | Illumina 1993, San Diego (United States), Public | Developer of technologies for analysis of genetic variation and function | $28M | 71/100 | |
3rd | Quanterix 2007, Cambridge (United States), Public | Developer of assay kits for ultra-sensitive biomarker detection | $99.5M | 71/100 | |
4th | BioLife Solutions 1987, Bothell (United States), Acquired | Developer of cell and gene therapies with the integrity of a single cell | - | - | 67/100 |
5th | Biocare Medical 1997, Concord (United States), Acquired | Manufacturer of primary antibodies and instruments for immunohistochemistry applications | $85M | 65/100 | |
6th | Arbor Biotechnologies 2016, Cambridge (United States), Series C | Provider of genomic technologies and drug discovery platform | $304M | 64/100 | |
7th | Provider of gene sequencing instruments, reagents, equipment, and related products | $1B | 66/100 | ||
8th |  Eclipse Bio 2017, San Diego (United States), Series A | Developer of cell-free immunoassay | $18.9M | 61/100 | |
9th |  Abselion 2018, Cambridge (United Kingdom), Series A | Provider of a benchtop instrument for protien research | $12.6M | 59/100 | |
10th | Applied BioCode 2008, Santa Fe Springs (United States), Public | Developer of assay testing kits and instruments for in vitro diagnostics, research, and other industrial applications | $20.3M | 59/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on MGI's competitors? Click here to see the top ones
MGI's Investments and acquisitions
MGI has made 2 investments in Genepoint Biological Technology and ROBO and acquired CycloneSEQ.Here is the list of these investments and acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 04, 2026 | Acquisition | Hangzhou (China) | ||
Jul 12, 2021 | Investments | 2015 | Shanghai (China) | |
Sep 29, 2018 | Investments | 2013 | Shenzhen (China) |
Want to know more about where corporates are investing? Sign up today!Reports related to MGI
Here is the latest report on MGI's sector:
News related to MGI
Filter this listMedia has covered MGI for a total of 7 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
•
•
•
•
MGI Tech Wins Three Prestigious iF Design Awards for Gene Sequencers and Ultrasound DevicePR Newswire•May 25, 2026•MGI
•
China's MGI Sells US Subsidiary Complete Genomics After Biosecure Act Stalled AmbitionsEndpoints•Feb 24, 2026•MGI
•
MGI Tech, SAMRC, and DSTI launch South Africa's 110K Human Genome Program with Africa's first DNBSEQ-T7PR Newswire•Nov 11, 2025•SAMRC, MGI, Dsti
•
•
MGI Tech partners with Eva Holding Group to enhance disease monitoring accuracyPR Newswire•Oct 23, 2025•MGI, EVA Precision Industrial Holdings
•
MGI Tech Introduces DNBSEQ-T7+: A Next-Generation 'Data Mining Machine' for Genomics APACPR Newswire•Sep 15, 2025•MGI
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about MGI
Explore our recently published companies
- River Charter Schools - United States based, 2007 founded, Funding Raised company
- Business Advice Hub - United Kingdom based, Unfunded company
- EcoTool - Switzerland based, 2023 founded, Unfunded company
- Building King - Unfunded company
- Difference - 2023 founded, Unfunded company
- Sara Gisabella - Unfunded company
